Douglas Elliman Inc. $DOUG Shares Bought by Portolan Capital Management LLC

Portolan Capital Management LLC grew its holdings in shares of Douglas Elliman Inc. (NYSE:DOUG) by 28.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,353,950 shares of the company’s stock after purchasing an additional 521,959 shares during the period. Portolan Capital Management LLC’s holdings in Douglas Elliman were worth $6,732,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Douglas Elliman by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 4,183,114 shares of the company’s stock worth $11,964,000 after purchasing an additional 100,734 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Douglas Elliman by 115.4% during the second quarter. Geode Capital Management LLC now owns 1,707,823 shares of the company’s stock worth $3,963,000 after buying an additional 915,018 shares in the last quarter. First Eagle Investment Management LLC grew its position in Douglas Elliman by 1.8% in the third quarter. First Eagle Investment Management LLC now owns 1,625,871 shares of the company’s stock worth $4,650,000 after buying an additional 28,504 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Douglas Elliman by 3.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,105,175 shares of the company’s stock worth $3,161,000 after buying an additional 41,432 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Douglas Elliman by 9.0% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 670,099 shares of the company’s stock valued at $1,555,000 after buying an additional 55,534 shares in the last quarter. Institutional investors and hedge funds own 59.56% of the company’s stock.

Douglas Elliman Price Performance

NYSE DOUG opened at $1.70 on Friday. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.55. Douglas Elliman Inc. has a 1 year low of $1.48 and a 1 year high of $3.20. The company has a market cap of $150.55 million, a PE ratio of -2.42 and a beta of 1.78. The stock’s 50-day moving average price is $2.49 and its two-hundred day moving average price is $2.58.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Douglas Elliman in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Douglas Elliman Company Profile

Douglas Elliman (NYSE: DOUG) is one of the largest residential real estate brokerages in the United States, offering an array of services that span property sales, leasing and management. Founded in 1911 and headquartered in New York City, the firm has built a reputation for representing high-end residential properties and guiding clients through complex real estate transactions. Over the course of its history, Douglas Elliman has expanded its offerings to include specialized support for developers, investors and individual homeowners.

The company’s core business activities include residential brokerage, new development marketing, and property management.